| Amanda Heckman Editorial Director | Shh... do you hear that? It's the roar whine of EVs taking over more lanes on the highway... And the sound of profits ringing the register... [This NEW Electric Vehicle Stock Could Help Fund Your Retirement] The EV sector hit a big milestone in 2022. Electric cars reached a 10% global market share for the first time. Nearly 8 million EVs were sold around the world, a 68% year-over-year increase. While that jump was mainly driven by sales in Europe and China, the U.S. also notched some impressive figures. More than 800,000 EVs were sold in the U.S., adding up to a 5.8% market share. And get this... Auto sales were down overall in the U.S. in 2022 thanks to a weakening economy. Yet EVs sales held strong and actually went up year over year. We're not just talking about a bunch of new Teslas hitting the road, either. While Elon Musk's company still accounts for the lion's share of sales, many other brands are gaining on it. Tesla's market share decreased to 65% in 2022 as other compelling models revved out of showrooms. Ford, Mercedes-Benz and BMW all saw their EV sales more than double in 2022. 2023 could be the year EVs surpass 1 million units sold domestically. And share prices are sure to follow sales upward. Big Changes With Washington aggressively prodding it along, the auto industry has undergone a huge transformation. Generous incentives and subsidies continue to spur growth. Plus, federal and state regulators are cracking down big-time on gas guzzlers... California has banned sales of new gas-powered cars starting in 2035. Other states - such as Washington and Massachusetts - are following suit with similar measures, though none have yet mandated bans. Automakers, under pressure from both the government and consumers about the effects of greenhouse gases on climate change, are creating their own mandates. General Motors, Ford, Volvo, Mercedes, Jaguar and Land Rover have all pledged to stop making gas-powered vehicles within the next 10-15 years and to become fully electric producers by 2040. With EV sales approaching 1 million cars per year in the U.S., it's clear we're still in the beginning stages of this race. The auto industry is bound to see massive growth as these huge changes push EVs front and center. And the companies that are able to keep up will see their bottom lines grow. But there's one impressive automaker that could leave its competition in the dust. It's a marvel of American engineering... it's been called Tesla's worst nightmare... and its sales are expected to double in 2023 and nearly repeat that feat in 2024. Get the details on what could be the next EV giant right here... before it takes off. SPONSORED | The Forever Battery: Making Gas Guzzlers Obsolete A tiny percentage of cars sold in the U.S. today are electric vehicles… but that's about to change - FAST. A new battery breakthrough is ready to hit the market. It could revolutionize the $2 trillion automotive industry... and could soon make gas guzzlers obsolete. This technology is predicted to cause a 1,500% surge in electric vehicle sales over the next four years. The company pioneering this new battery could be the investment of a lifetime. Click here for details. | | Everybody is worried about the artificial intelligence gold rush. They say AI is going to ruin the world. As usual, Andy's taking a different approach. He's convinced we're at the dawn of something big... something even more revolutionary and economically influential than the internet. See why here. There's a lot of pessimism in the real estate sector. There are fears that the market will collapse as rising interest rates cool off prices and shut out would-be buyers. But Alpesh thinks the pessimism is overdone... especially for diversified, global real estate companies like this week's Stock of the Week. Get all the details on the stock - including the ticker - in his latest video. Click here or on the image below to watch it. "I believe that ultimately the electric motor will be universally used for trucking in all large cities, and that the electric automobile will be the family carriage of the future." - Thomas Edison Want more content like this? | | | Amanda Heckman | Editorial Director Amanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years sharpening Andy's already razorlike wit... and has worked with numerous bestselling authors and award-winning financial gurus along the way. | | |
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